Following 34 years service with HMRC and the past twenty years working within Compliance undertaking investigations into Self Assessment returns, I can now utilise all of this experience to provide an Accountancy service to help the small businessman.
£150 Fixed fee accountancy for the taxi and private hire industry.Whilst my business is structured to concentrate on the taxi and private hire industry, all other new clients are most welcome, whether you either just need personal returns completing or are self employed within different trades. I will be only to happy to quote the relevant fee for other businesses.
PBT Tax solutions are pleased to be connected to the thrilling sport of speedway, and act for riders utilising our specialist knowledge of the sport, to provide the rider with an excellent accountancy service. Please see the separate link.
My aim is to be able to guide and advise you, on what you need to maintain records for your business, so that you can relax and concentrate on what you can do best and leave the preparation of accounts and submission of your Self Assessment return to me. In observing all of the tax legislation I also hope to save you as much tax as is possible.
From your records I will compile your accounts in the correct format for HMRC, taking into account all necessary adjustments to your profit or loss. Consideration will be given to any claim to capital or annual investment allowances.
Self Assessment Return - employed or self employed
Most self assessment returns are now submitted online. This is a fairly straight forward and simple process for me to do on your behalf once I am authorised as your agent. At the moment all online returns need to be submitted by 31 January following the end of the year of assessment, so the 2020 return which reflects income to the year ending 5 April 2020 will have to be submitted by 31 January 2021.
Please note HMRC have now introduced much stricter penalties for late returns. Typically a self assessment return sent in say 3 months after the filing date may attract an automatic penalties totalling £900
Once any tax liability is calculated, I will advise you of how much, and when you have to pay your tax liabilities.
As we concentrate solely on the smaller businesses, we unfortunately DO NOT deal with Limited Companies or Corporation Tax
Tax Enquiry Consultancy Service
Most accountants will have experienced dealing with HMRC and tax enquiries, which are now referred to as interventions, but statistically they may only have dealt with a few over their career, or quite often choose to out source this aspect of work. Consequently, experience in dealing with HMRC is quite limited.
Part of my service is that I can also be engaged independently, to help resolve any HMRC intervention and act for any prospective client on a consultancy basis. My vast experience of acting as an investigator for HMRC gives me full understanding of what HMRC will be looking for and how best to deal with the enquiry.
Please contact me to discuss your requirements.
www.taximanager.co.uk Looking closely at the taxi and private hire industry I realised there appeared to be no easily useable systems, to enable the driver to simply record their details of income and expenditure on a web based application. After consulting taxi industry specialists, and years of personal experience working within HMRC, together with Codateam our software partners, Taximanager was created.
The web based application allows a user to simply log on with their own unique username and password, and record all of their income and expenditure on weekly screens. The advantage of this is that each entry immediately builds a profit and loss account, which is adjusted for taxation purposes based on information gathered from the initial set up information screens. In addition there is a 'Rolling Tax' amount figure that gives the user an indication of how much tax/class 4 NIC that is due, related to any profit shown from your account. This will be finally adjusted once year end capital allowances are known. As it is saved on our secure server it acts as a safeguard should any of your records become lost.
The tax adjusted computation merely needs the capital allowances working out at the year end, or the final profit/loss figure can then be used to hand over to your accountant, or for you to put on your own self assessment return.
To compliment the service a full user licence can be purchased and PBT Tax Solutions will then prepare and submit your self assessment return online on your behalf
Typical quotes from delighted users:
‘for years I had scribbled down on bits of paper my takings, now when on the ranks during downtime I simply input my figures, press save entries and job done’ ‘its great to know my records are being kept on a server to back up my paper records because I lost mine once and it caused all sorts of problems’
‘what I like is the fact I can now see exactly how much tax needs to be set aside which in the past is something that always bothered me and my wife’
‘the rolling profit and loss lets me see at a glance how my business is doing at anytime I choose. I used to wait months after the end of the year for my accountant to come up with this figure’
‘after years of being ripped off by my accountant, it’s the price that drew me to try it. Took a few times logging on to get used to but it’s dead simple. Best change I have made in years’
If Taximanger is something you would like to look at as an alternative please click on the link provided.